News & FAQs | By ALOK PATNIA | Dec 16, 2017
The Cabinet on Friday approved replacing the Goods and Service Tax (Compensation to States) Ordinance by a bill, sources said. The GST (C...
News & FAQs | By ALOK PATNIA | Dec 16, 2017
Ferrying goods across states may get quicker from next month with the GST Council set to approve on Saturday an all-India rollout of elec...
News & FAQs | By ALOK PATNIA | Dec 15, 2017
The Finance Ministry has formed a new panel to frame response on the bitcoin issue, media reports said on Friday. This came after the bre...
News & FAQs | By ALOK PATNIA | Dec 15, 2017
Around 4 lakh people contribute 95% of GST collections, while 35% of those who have filed returns mostly paid no tax, finance minister Ar...
News & FAQs | By ALOK PATNIA | Dec 15, 2017
The GST Council will consider bringing electricity, petroleum products and some other items under the ambit of GST in future, Bihar Finan...
News & FAQs | By ALOK PATNIA | Dec 15, 2017
The Centre urged taxpayers to correct their TRAN-1 forms to avail transitional credit under GST by December 27, failing which the governm...
News & FAQs | By ALOK PATNIA | Dec 15, 2017
Revenue collections from the Goods and Services Tax could pick up over the coming months as provisions such as e-way bills for transport...
News & FAQs | By ALOK PATNIA | Dec 14, 2017
The GST Network said it has introduced a functionality which simplifies the returns filing process for taxpayers. “A new functiona...
News & FAQs | By ALOK PATNIA | Dec 13, 2017
The government is expected to allow use of stickers to display revised maximum retail price (MRP) on unsold pre-GST stocks for three mont...
News & FAQs | By ALOK PATNIA | Dec 13, 2017
MRP or Maximum Retail Price of a product – which is the maximum price that can be charged from a consumer – is inclusive of G...
News & FAQs | By ALOK PATNIA | Dec 13, 2017
The government has warned the industry to amend any inflated input tax credit claimed in lieu of taxes paid prior to roll out of goods an...
News & FAQs | By ALOK PATNIA | Dec 12, 2017
In the wake of falling GST collection in October, tax authorities are set to tighten the screw on traders and retailers along with ensuri...